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Image header Agence Europe
Europe Daily Bulletin No. 8517
Contents Publication in full By article 28 / 30
GENERAL NEWS / (eu) eu/financial services

New round of consultations over application of information about gilts and other state bonds

Brussels, 01/08/2003 (Agence Europe) - The Committee of European Securities Regulators (CESR) has launched a new round of consultations on minimum disclosure requirements in the Prospectus Directive, adopted by the EP on 2 July and the Council on 15 July. The directive will allow companies to produce a single information document for the whole of the EU when issuing shares on the stock exchange or being quoted on the stock exchange. The CESR has published a new consultation document on minimum disclosure requirements for sovereign issuers (for gilts and bonds issued by Member States, non-EU Member States, and their regional and local authorities). The consultation also looks at the historical financial information to be included in prospectuses both for EU and non-EU issuers, like updating IAS rules and consolidated company accounts. The CESR asks interested parties to submit their views on minimum disclosure requirements by October 2003. The consultation documents can be found on the CESR website (http://www.europefesco.org ).

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